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TRON (TRX) vs Building Permits
Correlation
of % moves
-22%
In sync
of periods
45%
History
monthsmonths · through 2026-07
23
These move in the same direction about 45% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Building Permits moves ~11 months before TRX
Watch Building Permits for an early read on TRX.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
45%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
-59% → +22%
Likely range of correlation
Pipeline
Pipeline Summary
23 paired data points survived the monthly window.
Raw input
729
799
Normalized
729
799
Prepared
25
799
Aligned
23
23
Invalid removed
R²(i)
5%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
22
Limited
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -12 to 12 months.
Selected shift
-11 months
Correlation at this shift
-40%
+18% stronger than no-shift baseline
Building Permits shifted 11 months later. Reads: "Does TRON (TRX) today line up with Building Permits 11 months ago?"
11 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
-11 months
-40%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-9%
5 periods · Return correlation when both series rose
Both Falling
-30%
5 periods · Return correlation when both series fell
Diverging
-52%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
778
A: 2 / B: 776
Series A
TRON (TRX)
TRX
Crypto · 729 raw → 25 prepared
Series B
Building Permits
PERMIT
FRED · 799 raw → 799 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0966
Linear regression slope.
Intercept
0.0037
Linear regression intercept.
Saved 4 months ago · ID: crypto-trx_fred-permit_monthly_5y